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Wednesday, April 23, 2014

Chinese Town Filled with luxury properties that nobody lives in





More than 100 villas stand empty after they were built six years ago for locals in the Chinese city of Beihai, in the Guangxi Zhuang Autonomous Region


Locals call it 'The City of the Dead', a ghostly urban landscape with no residents to fill it

They were built to cater to a new rising class of wealthy people who, it was hoped, would invest in real estate and snap up the properties, many of which are priced at over three million yuan (£285,900)

People invested savings from up to to three generations of one family just to buy the properties, but can't make use of them as they are too far from key city centres, meaning they are left with no residents at all.


After six years standing empty, the properties will soon need more money spent to maintain them

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